ITC

Indirect Taxation

Sir, in below question why interest of 18% p.a not added to the output tax liability calculated from the date of taking ITC to date on which the gst component added to output tax liability...as he not make part of payment within 180 days

Star Ca

CA Inter

★ 3K+

08-Oct-21 11:07

569

Answers (2)

Since the question was only about availability of ITC they did not talk about interest. But strictly speaking interest will apply.

Shiva Teja

Faculty

09-Oct-21 09:42

Thank you sir, understood.

Thread Starter

Star Ca

CA Inter

★ 3K+

09-Oct-21 11:57

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